Bodies corporate – GST registration
The purpose of this issues paper was to seek comments on the issue of whether a body corporate can (or must) register for GST.
Related information
Amendments were made to the GST Act 1985 in the Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Act 2016
See commentary in TIB Vol 28, No 3 : 33 (April 2016)
About issues papers
Inland Revenue’s Tax Counsel Office (Public Advice and Guidance) develops and publishes public statements interpreting the tax laws.
Where significant uncertainty exists, it helps us to hear from interested parties before we prepare a public statement. This generates discussion so we gain a better understanding of the issues, including practical concerns. An issues paper sets out our initial views on how the relevant tax laws may apply. If it results in the issue of a draft public statement, public consultation will occur in the usual manner.
Given that issues papers produced by the Tax Counsel Office represent our initial views only, taxation officers, taxpayers and practitioners must not rely on them. Only finalised public statements represent authoritative statements by Inland Revenue of its stance on the issues covered.
Any views presented in an issues paper do not change the Commissioner’s current position or practices.